Market sentiment stayed sanguine yesterday, despite the G7 summit ending on a bitter note over the weekend. Comments from Italy’s Economy Minister as well as the prospect of a positive outcome at the Trump-Kim summit may have kept investors complacent. As for today, the focus will likely fall on the US CPIs for May, the UK Employment Report for April, as well as a key vote on the Brexit bill.
USD-traders Lock Gaze on US CPIs Ahead of Tomorrow’s Fed Decision
The US dollar traded higher against most of the other G10 currencies on Monday. It underperformed only against SEK and AUD, while it gained the most versus JPY, GBP, EUR and CAD. The greenback traded virtually unchanged against NZD.
The currency that lost the most against its US counterpart was the yen, despite the G7 summit ending on a bitter note over the weekend. After he left the summit, US President Trump announced that he...
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